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Sold on 12/20/2021

227 Broad, Salisbury, MD 21801

$540,041

Last sold 12/20/2021 for $125K

  • —

    bed

  • —

    bath

  • 4,106

    Sqft ($30/Sqft)

Multi-family not for sale
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About 227 Broad

Property type Multi-family
Neighborhood
Year built 1925
HOA fee $0/month
Lot size 8,232 Sqft
Movoto estimate
Rental estimate
Property description
Multi-unit sale that includes a 1500 sq ft commercial building lot on the corner of Broad St and Poplar Hill Ave. First building is 227 Broad St, which is a 2 story duplex (2 bedroom/1 full bath each) with separate entrances & rear parking-rents for $475/unit ($950 total/month). 304 Poplar Hill Ave (2 story with accessible attic/loft) 4 or 5 bedrooms, 2 full baths/1 ½ bath-rents for $625/ month. Total gross rental income is $18,900/year. Sold as a package.
Listed by
Listing Agent - Bradley Rayfield
Listing Office - Coldwell Banker Realty
Source: Bright MLS mls logo
MLS#MDWC2000638 • last updated 10 months ago
Movoto checked Bright MLS for data 6 minutes ago
Overview
Cooling/AC Window Unit(s), Electric
Heating Electric
Levels/Style Colonial
Type Multi-Family
SubType Triplex
Status Closed
SqFt 4106
Lot Size (SqFt) 8232
Lot Size (Acres) 0.19
County Tax 2733, Annually
City/ Town Tax 1332
Tax: Assessed Value 113800
Annual Property Tax 1089
Year Built 1925
Municipality SALISBURY
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Appliances Oven/Range - Gas, Refrigerator, Water Heater
Accessibility Features None
Exterior
Roof Asphalt, Shingle
Construction Asbestos
Parking Desc Off Street
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Location
Water Source Public
School District WICOMICO COUNTY PUBLIC SCHOOLS
Directions Rt 13 To Broad St. Home On Left On Corner Of Broad And Poplar Hill.
Zoning COMMERCIAL
Multifamily Details
# 2-Bedroom Units 2
# 3-Bedroom Units 1
# Units Furnished None
Lot/ Land Details
Road Responsibility Public
Road Surface Type US Highway/Interstate
$540K
Range: $486K-$594K
Last 30 days 
Rental est.: $1,254/month
Gross rent multiplier: 8.3 - Good
  • Dec 2021
    Public Records
  • Dec 21, 2021 Sold
    $125,000
  • Dec 2021
    mls logo MLS # MDWC2000638
  • Dec 20, 2021 Sold
    $125,000 (-21.4%)
  • Nov 3, 2021 Pending
    —
  • Sep 24, 2021 Price Change
    $159,000 (-5.9%)
  • Jul 23, 2021 Listed
    $169,000
  • Year Property taxes Tax assessment
  • 2024
    $508 -3.9%
    $53,000
  • 2023
    $529 -15.8%
    $53,000 -13.96%
  • 2022
    $628 -3.0%
    $61,600
  • 2019
    $647
    $61,600
  • 227 Broad
    $125K
  • Newtown - North Division
    $296K -14% y/y
  • 21801
    $329K 0% y/y
  • Salisbury
    $289K -3% y/y
No chart available
Statistics calculated by Movoto

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N/A
West Salisbury Elementary School
public Grades PK, K-2
Wicomico County Public Schools
4/10
Salisbury Middle School
public Grades 6-8
Wicomico County Public Schools
2/10
Wicomico High School
public Grades 9-12
Wicomico County Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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Information Deemed Reliable But Not Guaranteed
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 10/27/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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